WHY ARE MAINTENANCE FEES CALCULATED BY SQUARE-FOOT, NOT NUMBER OF PEOPLE RESIDING IN A CONDO?

Why are maintenance fees calculated by square-foot, not number of people residing in a condo?

 

 

Q….Why are maintenance fees calculated by square-foot, not number of people residing in a condo? Please think before you answer.

from Zoocasa Ask the Pros

A….Good question.

That’s why newer buildings unbundle the heat and hydro from the maint fees(and many existing are retro-fitting to per-unit metering)

The water is at bulk rates so don’t worry too much about that.

The concept flowed from the proportionate share of ownership that each unit was given in the original declaration.

The schedule for maintenance was just matched to that share.

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One thought on “WHY ARE MAINTENANCE FEES CALCULATED BY SQUARE-FOOT, NOT NUMBER OF PEOPLE RESIDING IN A CONDO?

  1. Pingback: 40+ “nobody ever explained it like that” Answers to Realty Questions (from my Nov 19/13 Post) —a revived tradition #UncleBobExplains | unclebobexplains

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